What’s the likelihood of your soloK being audited? In what circumstances it would raise the red flag even though you do nothing wrong?

Hey BP!  Does anyone have referrals for a Grocery store auditor?  We have a tenant that has a $10m rent threshold before they kick up a % of sales.  Of course for years they have been hovering just under $10m.  Would ...

Does someone have a sheet or summary of licensing requirements for CPAs for audits?  If there is something that exists by state that would be of the most interest.  Another question....if a CPA is in one state and a p...

Hello BP,I am considering partnering with an individual who is bringing me a deal (apartment complex).However, he told me that he is being audited by IRS. Is this a deal breaker for me?I am concerned that IRS can go a...

Has anyone been audited by the Employment Development Department / DE 231TA?I've been operating for a number of years, and just got a letter informing me that I'm being audited.  They want a large amount of documentat...

Hi Folks,

Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...

How often do you really dig into your reports and check to make sure everything is running smooth and as it should be?

I am currently trying to finish my application for my first House Hack; I currently own a trucking company in Texas. My current financial officer stated he needs an Audited profit and Loss for 2020 however that would ...

I own two, two unit properties in two different states.  I co-own both of these properties with a family member, but for the better part of the decade the management, along with the lion share of associated expenses, ...

Hey BP! Does anyone know of a good audit CPA in North Carolina? I'm hoping to find a CPA that can perform an audit on a newly created LLC to qualify for a GC license upgrade. Again, it's a brand new entity with less t...